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ABR Practice Questions - Accredited Buyer's Representative (NAR REBAC) Exam

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About this Exam

Prepare with the ABR Practice Questions - Accredited Buyer's Representative (NAR REBAC) Exam practice quiz. This question bank includes 100 questions covering buyer, agent, seller, agreement, and listing. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

Sample Questions

Question 1
An ABR designee shows a buyer client a property and discovers the seller has cancer that may affect the timing of closing. What is the agent's duty regarding this confidential information?
Disclose the seller's illness to the buyer to help negotiate a lower price
Keep the information confidential because the seller is the agent's client
Maintain the seller's confidentiality because confidentiality is owed to all parties under common law
Confidentiality is owed only to the agent's own client, the buyer; the seller's medical information is not material to the property and is not the buyer's agent's duty to disclose
Question 2
Which acronym is commonly used to memorize the six common-law fiduciary duties an agent owes the client?
COALD
OLDCAR
FIDUCIARY
REALTOR
Question 3
A buyer's agent receives an MLS listing where the seller's broker offers cooperating compensation. Under the NAR settlement effective August 17, 2024, what is now prohibited?
Buyer agents accepting any compensation from a seller
Listing brokers offering buyer-broker compensation through the MLS
Sellers paying any concessions to buyers
Buyer agents charging buyers a flat fee
Question 4
Effective August 17, 2024, before showing a home listed on the MLS, a buyer's agent who is an MLS participant must:
Get verbal authorization from the buyer
Enter a written buyer-broker agreement with the buyer specifying compensation
File a notice with the local MLS
Provide the buyer with a state agency disclosure only
Question 5
Which type of agency relationship occurs when a single broker represents both the buyer and the seller in the same transaction with informed consent of both?
Single agency
Designated agency
Dual agency
Subagency

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Additional Information

ABR Practice Questions - Accredited Buyer's Representative (NAR REBAC) Exam

This practice set contains 100 questions from the matching question bank and focuses on buyer, agent, seller, agreement, and listing. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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Frequently Asked Questions

This quiz contains a total of 100 practice questions carefully selected to test your knowledge on this subject.
Yes, you will have exactly 0 minutes to complete the exam. A countdown timer will be visible once you start.
Yes, you can retake this practice test as many times as you need. The questions and options may be randomized on subsequent attempts to ensure comprehensive learning.

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